First Farmers Financial Co. (OTCMKTS:FFMR) Sees Significant Increase in Short Interest

First Farmers Financial Co. (OTCMKTS:FFMR) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 128 shares, an increase of 70.7% from the May 14th total of 75 shares. Based on an average daily volume of 327 shares, the short-interest ratio is currently 0.4 days.

First Farmers Financial Stock Up 1.5%

Shares of FFMR stock opened at $34.02 on Wednesday. The business’s fifty day moving average is $65.96 and its 200 day moving average is $66.03. First Farmers Financial has a twelve month low of $32.05 and a twelve month high of $34.95.

First Farmers Financial announced that its board has approved a stock buyback program on Tuesday, February 17th that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

First Farmers Financial Company Profile

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.